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RDD/BTC (Short Term +10% Long Term +500%) Reddcoin 1Hour ChartBuy in 0.00000130 - 0.00000135 Target 1 - 0.00000149 (Short Term) Target 2 - 0.00000169 (Mid Term) Target 3 - 0.00000186 ( Mid Term / Long Term) Target 4 - 0.00000278 (Long Term) Target 5 - 0.00000590 (Long Term) Very Strong Chart. Even if Support Line is broken, just wait until it climbs up again. Usualy i would allways recommend to Trade with Stopp Loss, but in this Case its not nesessary because Reddcoin has huge Potential and has not broken out yet, on long term, this will be a huge Profit coin and a Price increase is very likely (similiar to the Movement of Siacoin lately) Take Profit as soon as you feel comfortable Kind Regards Captain Trade
Long
by TimBerlin
15
BTC Beginners Evaluation - Bull Run How Far will it go?Looking at all three runs within Bitcoin so far, these have increased in the following order: 1st +1727% 2nd +1412% 3rd +2657% The upper and lower bounds should be taken into consideration for the next bull runs. It may well be the case that the next bull run exceeds these limits due to mass market adoption. At this current time Bitcoin has seen an unforgettable year and with more and more people investing in this currency, it may well be that the upper bound we see here is used as a lower bound prediction for future bull runs. It is interesting to note that the fibonacci sequence depicts a natural expansion and this could be predicted for the next bull run if the market/coin does not experience any bad press in the coming year. The businesses involved in this industry have made a lot of money this year and I can only see them investing more into the industry as a whole to make it go even further.
BITSTAMP:BTCUSD
by cryptosach
BTC Beginners Evaluation - First Two Bull Runs vs CurrentBased on a hypothetical point in the cycle called 'Current Period' on the above chart, what would happen if we plotted the same behaviours (percentage increase and duration) from the last two cycles. Firstly I would pick a beginning point to define the start of the bull run, termed 'Estimated Start' in the above chart. I would then plot the % increase with the corresponding duration for the short and long term bull runs we previously saw. Short term: +1727% 89days Long term: +1412% 152days From these indicators we extracted from the first two bull runs we can see that at the 'Current Period' the real life (current data at that time for hypothetical sake) the indicators are no where near the actual trends expected. This is quite possibly because its a non-linear relationship, so if we picked a start and adjusted the formula to suit the 'Current Period' this would allow us to calibrate our prediction. This is better using a non-linear power formula derived in say, Excel. Looking at the difference straight away, we could possibly adjust the days and estimate how far into the run the bull has ran however this becomes more of a guessing game if we go down this route. The next stage will be to develop a non-linear equation in excel and apply this to the analysis.
BITSTAMP:BTCUSD
by cryptosach
BTC Beginners Evaluation - Historical Market Behaviour Looking into the trend behaviours for large sized duration (1 year) we can see that in January 2013 there was some interest in the bitcoin market for the first time with early-early adopters showing a bull run with the low volumes that were present. The first bull run rose +1727% over 89 days. Due to the non-linear behaviour, this cannot be averaged into per day terms. Looking at the relative length to height ratio (1727% / 89d = 20 for this one bull run). We will take this as a 'typical' long-term bull run in cryptocurrency terms due to the relatively long tail where the run started. This was then followed by a fall (bearish) of -68% over 7d = 10. The second bull run we saw rose +1412% over 152d = 9 (half of 20 we previously experienced with the first bull run). This may be contributed to the larger volumes of trades having a larger effect on the behaviour of how high the price rose. However the price rose fairly similar (+1727% & +1412%) but over a much shorter duration. This was then followed by a fall of -51% over 14d = 4 (again half of 10 we previously experienced with first fall). Summary ratios Term Bull Bear long 20 10 short 9 4 Note: Percentages (%) are a good common base unit to look at as this is normalised to suit any volume at any price. These ratios are a first glance at what market behaviours are typically like. These indicators may be adjusted to upper and lower bound of short and long term behaviours depending on risk tolerance.
BITSTAMP:BTCUSD
by cryptosach
BTC Beginners Evaluation - LongtailThe beginning of the cryptocurrency is indicative of a long tail where at a large global outlook (5 years) the trend seams to be fairly steady with no major variations. This is before a cryptocurrency has been extremely exposed to interest from a large audience. The length of the tail shows that the cryptocurrency has been established for a long period and can be compared against other cryptocurrencies. Bitcoin is one of the first so it will have the longest duration. Looking at (all) as the duration a small blip happened at end of 2013 where it could be seen that this may be a bull market but slowly dropped off. The behaviour of how this dropped off (bearish market) is also worth to note. This is like a sharp spike then a slow dilution. Could this behaviour happen again? Since the start at end of 2011 to mid 2017 on my roughly drawn trendline, the price went up from $80 to approx $1100 (+1275% ie x13 ish). During this whole period, bitcoin and blockchain technology was still being developed, with a few bad publicity along the way. The long tail period is not indicative of where mass interest. This happened at the intersection possibly start of 2017.
BITSTAMP:BTCUSD
by cryptosach